GAP600, an instant bitcoin and crypto transaction engine for exchanges and payment service providers, recently announced successful integration into the CoinsPaid cryptocurrency payment gateway processing platform.
CoinsPaid works with businesses in the iGaming sector, enabling them to accept crypto payments with support for Bitcoin and over 50 altcoins, including Bitcoin Cash, Litecoin and Ethereum. The company possesses vast experience in the sector as the development team created the first provably-fair bitcoin casino and the first security-audited crypto exchange.
The CoinsPaid platform provides customers with a range of features, which include: instant and secure crypto payment and deposit transaction processing, a personal wallet to store, track, transfer and manage cryptocurrency or fiat cash, and a real-time business-to-business (B2B) exchange service that can convert cryptocurrencies into fiat.
In addition, CoinsPaid offers a B2B transaction tool for merchants and businesses that allows them to accept crypto payments in exchange for their goods and services via their websites and mobile apps. The company processed 130 million (EUR) in cryptocurrency transactions last year.
“Our well-established value proposition includes an open API that ensures quick and easy integration for all operations, stable cryptocurrency integration, a white label back-office configuration that offers fully functional management capabilities, and 24/7 business and tech support. Our clients expect the best functionality from us, and we have to be at the forefront of transaction speed and risk mitigation, as these are the fundamental attributes required to increase crypto payment adoption and use.”
“As such, implementing 0-conf payment capabilities was important. Since implementing the solution, our clients have enjoyed the instant, secure payment experience, which has helped CoinsPaid to secure and further develop our position in the cryptocurrency payment processing market.”
– Max Krupyshev, CEO of CoinsPaid
To further enhance the solution’s functionality and deliver a competitive advantage, CoinsPaid sought to integrate a solution that could streamline and expedite secure cryptocurrency transactions.
Instant Bitcoin Deposits
GAP600 facilitates instant, risk-mitigated cryptocurrency commerce by enabling exchanges to recognize unconfirmed Bitcoin, Bitcoin Cash and Bitcoin SV transactions as final using a proprietary risk engine, which analyzes and performs live risk scoring for each transaction as it reaches the mempool.
These features also align with CoinsPaid’s enhanced due diligence approach. CoinsPaid applies a special software tool across its solutions to conduct stringent Know Your Customer (KYC) procedures and a risk-based approach to Customer Due Diligence (CDD) that verify user identities to mitigate fraud, money laundering and other activities linked to criminality and terrorism.
“CoinsPaid’s adoption of our solution serves to strengthen our position in the market and affirms the value of our offering. We’re delighted to broaden our reach into the online gaming sector following our new partnership with CoinsPaid, and are confident that their customers will relish the enhanced user experience and peace of mind that comes with instant, risk-mitigated cryptocurrency transactions.”
– GAP600 founder and CEO, Daniel Lipshitz